GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

Changes in the carrying amount of goodwill for our reportable segments for the years ended December 31, 2023 and 2022 were as follows:

	Insurance		CenterWell		Total
	(in millions)
Balance at January 1, 2022	$	2,290	$	8,802	$	11,092
Acquisitions	182		199		381
Dispositions	—		(2,331)		(2,331)
Balance at December 31, 2022	2,472		6,670		9,142
Acquisitions	191		217		408
Balance at December 31, 2023	$	2,663	$	6,887	$	9,550

The following table presents details of our other intangible assets included in other long-term assets in the accompanying consolidated balance sheets at December 31, 2023 and 2022:

	Weighted Average Life	2023						2022
		Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
		(in millions)
Other intangible assets:
Certificates of need	Indefinite	$	1,092	$	—	$	1,092	$	1,132	$	—	$	1,132
Medicare licenses	Indefinite	288		—		288		286		—		286
Customer contracts/relationships	9.4 years	956		718		238		929		673		256
Trade names and technology	6.7 years	139		109		30		142		107		35
Provider contracts	11.9 years	67		62		5		73		63		10
Noncompetes and other	8.4 years	84		44		40		86		40		46
Total other intangible assets	9.2 years	$	2,626	$	933	$	1,693	$	2,648	$	883	$	1,765

Amortization expense for other intangible assets was approximately $67 million in 2023, $81 million in 2022, and $65 million in 2021.

During 2023 we recorded impairment charges of $55 million relating to indefinite-lived intangibles.

The following table presents our estimate of amortization expense for each of the five next succeeding fiscal years:

	(in millions)
2024	$	60
2025	58
2026	43
2027	33
2028	28